JR Suigun Line Land market overview

The average price of JR Suigun Line (Mito to Hitachioota) Land, in Jan, 2019 to Dec, 2019 was 24,526 JPY/sq.m. The market value represents an increase of 2,953 JPY (+13.7%) compared to 1 year ago and a transition to a bull market. 209 properties exchanged hands ( The market value represents a decrease of 223 (-51.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 436.7 sq.m (a -5.8% decrease compared to the 463.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

11 stations have experienced increased prices; 8 stations have experienced decreased prices. The overall trend was the same as last year. Hitachitsuda, Godai, Shimosugaya, Nakasugaya, Shizu, Hitachioomiya, Nukada station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kawai station, where prices have increased +5957.0% compared to last year; a sq.m unit now costs 55,385 JPY/sq.m.

The top 2 stations has seen prices increase +3010.5% (+29,217 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -72.1% (-1,355 JPY/sq.m).

Cause of price increases

A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.1% of total transactions in 2018 and 2.9% of total transactions in 2019)

Land stations market overview

The average price of Kawai Land, the highest market value along this railway was 55,385 JPY/sq.m. The market value represents an increase of 54,471 JPY (+5957.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Nogamihara Land, the lowest market value along this railway was 314 JPY/sq.m. The market value represents a decrease of 73 JPY (-18.9%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

Noteworthy stations

The average price of Kawai Land was 55,385 JPY/sq.m. The market value represents an increase of 54,471 JPY (+5957.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 65.0 sq.m (a -72.9% decrease compared to the 240.0 sq.m of last year.).

Cause of price increases

A dramatic decrease in average distance from the station (representing 47.2 min in 2018 and 24.5 min in 2019; -48.1%)

The average price of Godai Land was 10,156 JPY/sq.m. The market value represents an increase of 3,964 JPY (+64.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1085.0 sq.m (a +14.6% increase compared to the 947.0 sq.m of last year.).

Cause of price increases

A dramatic decrease in average distance from the station (representing 23.0 min in 2018 and 17.5 min in 2019; -23.9%)

The average price of Hitachidaigo Land was 485 JPY/sq.m. The market value represents a decrease of 1,620 JPY (-77.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 19 (-90.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 865.0 sq.m (a +77.0% increase compared to the 488.6 sq.m of last year.).

Causes of price decreases

A dramatic increase in average distance from the station (representing 64.6 min in 2018 and 120.0 min in 2019; +85.8%)

The average price of Shimonomiya Land was 529 JPY/sq.m. The market value represents a decrease of 1,090 JPY (-67.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1175.0 sq.m (a +29.1% increase compared to the 910.0 sq.m of last year.).

Causes of price decreases

An increase in average distance from the station (representing 34.0 min in 2018 and 39.0 min in 2019; +14.7%)

Breakdown of each segment

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)